Wealth-Tax Act, 1957
Schedule III - RULES FOR DETERMINING THE VALUE OF ASSETS
61[SCHEDULE III[See section 7(1)]RULES FOR DETERMINING THE VALUE OF ASSETSPART AGENERALValue of assets how to be determined.1. The value of any asset, other than cash, for the purposes of this Act, shall be determined in the manner laid down in these rules.Definitions.2. In this Schedule, unless the context otherwise requires,-
| (1) | - | "accounting year" in relation to a company means a period in respect of which any profit and loss account of the company laid before it in the annual general meeting is made up ; |
| *(2) | - | "debenture" includes debenture stock, bonds and any other securities of a company, whether constituting a charge on the assets of the company or not; |
| *(3) | - | "equity share" means any share in the share capital of a company other than a preference share; |
| (4) | - | .... To read the full section download the app from Google Play store
ARTICLESHIP
07 September 2026
Article/ Paid AssistantMurali and Sumeet Chartered Accountant Bengaluru CA Foundation View Details
ARTICLESHIP
17 August 2026
Article AssistantK R Kiran Kumar & Associates Bengaluru CA Inter View Details
Featured
12 September 2026
Assistant Manager - Finance & ComplianceNaveen Fintech Pvt Ltd Kolkata CA Inter View Details
ARTICLESHIP
26 August 2026
CA Article Assistant/CA Drop Out/Accounts ExecutivePARV & Co. New Delhi CA Inter View Details
CCI
Pro
|
CAclubindia
